Buy Larsen & Toubro Infotech, target price Rs 6312: ICICI Direct

ICICI Direct has buy call on Larsen & Toubro Infotech with a target price of Rs 6312. The current market price of Larsen & Toubro Infotech is Rs 6033. Time period given by analyst is intraday when Larsen & Toubro Infotech Ltd. price can reach defined target.

Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 106042.21 Crore) operating in IT Software sector.

Larsen & Toubro Infotech Ltd. key Products/Revenue Segments include Software Development Charges & Other Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 4237.50 Crore, up 9.26 % from last quarter Total Income of Rs 3878.20 Crore and up 31.53 % from last year same quarter Total Income of Rs 3221.70 Crore. Company reported net profit after tax of Rs 612.50 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.07 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.53 per cent, DIIs 5.41 per cent.